Midland Festival Ballet
Nonprofit profile at a glance
- EIN
- 752510710
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- Midland, TX, USA
- Phone
- 4326822653
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Arts, Culture, and Humanities
Reported finances
- Revenue
- $1,054,999
- Expenses
- $1,009,153
- Assets
- $477,695
- Liabilities
- $220,450
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
16 people listed
Executive titles in this filing
- SCOTT BETTON (PAST President)
- BRITTANY JOHNSON (President)
Highest reported compensation
- RACHEL KERR RITTER (Executive Dir.): $81,250 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Midland festival ballet is a 501(c)3 nonprofit whose mission is to promote and present the art of classical ballet through education, performance, and outreach.
What it reported doing in 2024
The nutcracker, a holiday classic, continues to delight audiences as a permian basin favorite that features the talents of our pre-professional company who are joined by midland festival ballet's school students, and other local dancers at the wagner-noel performing arts center. Mfb's production features over 120 dancers and volunteer performers and requires between 75-80 volunteers for production support. We partner with west test Texas symphony who thrills audiences with tchaikovsky's iconic score. Joining our cast are professional guest artists from professional ballet companies such as New York city ballet, houston ballet, Colorado ballet, milwaukee ballet, and dance theatre of harlem. Mfbs pre-professional company presented an exciting mixed repertoire production in march 2025. Opening with nadia thompson's grand tarantella, then moving into pearl wamsley's award winning contemporary ballet, the incredible petes, and to close act i, the black swan pas de deux. Following intermission, the production closed with george skibine's the firebird. Mfbs company was joined by professional guest artists from New York city ballet, ballet san antonio and freelance artists. Mfb collaborated with the west Texas symphony for live accompaniment for this full-length production.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 73
- Transparency & Controls: 92
- Accountability: 90
- Sustainability: 36
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 74.2%; rating input score 74
- Program expense ratio: 77.6%; rating input score 78
- Fundraising efficiency: $14.2 raised per $1 spent on fundraising; rating input score 49; 49th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 6 of 8 controls in place; rating input score 75
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 4.3%; rating input score 48; 48th percentile among comparable filings
- Total-asset coverage ratio: 0.47; rating input score 22; 22nd percentile among comparable filings
- Liabilities to assets ratio: 0.46; rating input score 17; 17th percentile among comparable filings
- Officer compensation ratio: 8.1%; rating input score 43; 43rd percentile among comparable filings
Growth
- Program expense growth: 8.4% per year; rating input score 100; 57th percentile among comparable filings
- Revenue growth: 7.2% per year; rating input score 100; 55th percentile among comparable filings
- Asset growth: 18.5% per year; rating input score 100; 79th percentile among comparable filings
Details
- Where the money goes: 74.2% of revenue deployed · 77.6% of spending went to programs
- Governance: 15 of 15 board members independent · 6 of 8 filing controls reported
- Programs: 2 filed program accomplishments · $783K in reported program spending
- Leadership: top reported pay $81K · 16 people listed
- Consistency: 26 of 26 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Filing history: 11 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Fundraising efficiency scored 49/100.
- Review — Accountability: Governance controls: 2 of 8 not reported.
- Moderate — Sustainability: Operating margin scored 48/100.
- High — Sustainability: Total-asset coverage ratio scored 22/100.
- High — Sustainability: Liabilities to assets ratio scored 17/100.
- Moderate — Sustainability: Officer compensation ratio scored 43/100.